Setting Us Up For A Bigger Fall?

Martin Wolf thinks that Obama's conservative response to the economic disaster might not be enough:

The more the crisis unfolds, the more evident it is that incentives in
the financial system were (and are) badly distorted. I sympathise with
the conservative approach to crises, but not if it leaves in place the
plethora of perverse incentives that created them. At the end of this,
then, there will be one big test: will the number of institutions
thought “too big to fail” be as large as now and, if so, how will they
be controlled?

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